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Jul 29, 2012
07/12
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WJLA
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is our academic economy pushed over the edge as a result of this fiscal cliff when all these tax cuts and spending programs will expire? >> it's a difficult and totally predictable thing. because between election day, november 6th, and december 31st, this country will be awash in $5 trillion to $7 trillion of money that has to go somewhere, thing taz have to be advanced or not advanced. if they don't get it done, then the president, whether it's the present one or a new one, is going to have to come on in january and grapple with snakes. i mean, what you have going on right now is a crosscurrent of greed versus cowardice. and it's a very disgusting thing to watch. erske and i go all over the country. people are dic of bs and mush, they're seeking the truth, and we do math. we don't do other stuff. if you're going to extend the tax cuts you're going to have $3.8 trillion added in 10 years to the $16 trillion we already owe. you've got to correct the sequester. who wants to say, i went home, i didn't have the guts to use a surgical knife. i just let them take an ax to defense and nondef
is our academic economy pushed over the edge as a result of this fiscal cliff when all these tax cuts and spending programs will expire? >> it's a difficult and totally predictable thing. because between election day, november 6th, and december 31st, this country will be awash in $5 trillion to $7 trillion of money that has to go somewhere, thing taz have to be advanced or not advanced. if they don't get it done, then the president, whether it's the present one or a new one, is going to...
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250
Nov 15, 2012
11/12
by
CNBC
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we are getting down to the brass tax on the fiscal cliff tomorrow. president obama and congressional leaders meet face to face with the clock ticking to new year's on the fiscal cliff. for nearly two years, the one plan that has gotten the most support among those outside of washington and even inside has been the simpson/bowles plan. the two, of course, chaired president obama's debt commission. two years ago when the plan was presented, it was all but ignored by those in power. joining me now, the two architects behind the plan, former republican senator alan simpson and former chief of staff for democratic president bill clinton erskine bowles. gentlemen, wonderful to have you on the program. i want to first get to this. have either of you or together both of you been asked to participate in any way in these fiscal cliff negotiations? >> i've talked to most of the members of the white house. i met over the last couple of days with what's called the gang of eight, four republican senators and four democrat senators. i'm going to update alan as soon
we are getting down to the brass tax on the fiscal cliff tomorrow. president obama and congressional leaders meet face to face with the clock ticking to new year's on the fiscal cliff. for nearly two years, the one plan that has gotten the most support among those outside of washington and even inside has been the simpson/bowles plan. the two, of course, chaired president obama's debt commission. two years ago when the plan was presented, it was all but ignored by those in power. joining me...
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refund the fiscal cliff. it is a tax rate that is increasingly seen as unfair. it is willy-nilly. they say that they are increasing the number of people are insured. and they say wait a second, that's not how it works. charles: the same argument that they use, by the same token, it is so odd that they singled out medical device makers and tanning salons are it is like -- what the heck? singh that we need to go after those nefarious medical devices. we need to get those guys. charles: you know, at some point, people have to understand. great innovation and breakthroughs will be delayed. it is hard to calculate how many, but there is no doubt that this will end up killing people. >> the issue is with venture capitalism, it's already pulled back. a 42% plunge in funding of medical device makers since last year. already companies like stryker announcing job layoffs. whether we see this as part of the fiscal cliff deal, we are pushing for it. charles: at some point they do need to address this. this hurts every si
refund the fiscal cliff. it is a tax rate that is increasingly seen as unfair. it is willy-nilly. they say that they are increasing the number of people are insured. and they say wait a second, that's not how it works. charles: the same argument that they use, by the same token, it is so odd that they singled out medical device makers and tanning salons are it is like -- what the heck? singh that we need to go after those nefarious medical devices. we need to get those guys. charles: you know,...
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265
Nov 15, 2012
11/12
by
CNBC
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eye 265
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let's say i assume we go over the fiscal cliff. dividend taxes go higher. capital gains taxes go higher. what do we do? >> let's do is in a mosaic. first of all, we have to make america competitive. we have to get rid of some of the taxes these lobbyists deb e debate. >> my sources tell me the loopholes and exemptions leave $1 trillion on the table. >> let's go over the math. the math is that we as a country spend 3.7. we take in 2.7. 400 billion of that is from corporations. the notion of deferrals, defer now, pay later, is very fundamental. it's a 101 of a book plan. to the degree obama wants to make the united states more competitive, he's talked about a 28% minimum reduction in corporate taxes. he's talking about taking it down 25 for u.s. manufacturing. that's a very positive step. i don't have him talk abouting that at the moment, to create jobs, quality jobs. tax reform, raise taxes if you have to. raise revenues. lower the deficit. get us on with the dynamics of running a business. >> but here we are -- >> by the way, someone whispered to me as i wa
let's say i assume we go over the fiscal cliff. dividend taxes go higher. capital gains taxes go higher. what do we do? >> let's do is in a mosaic. first of all, we have to make america competitive. we have to get rid of some of the taxes these lobbyists deb e debate. >> my sources tell me the loopholes and exemptions leave $1 trillion on the table. >> let's go over the math. the math is that we as a country spend 3.7. we take in 2.7. 400 billion of that is from corporations....
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Sep 4, 2012
09/12
by
KQEH
tv
eye 136
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maybe you've heard about all the automatic tax increases and spending cuts that make up the fiscal cliff. now, before you say this is just another silly inside-the-beltway mess that doesn't affect my life. we want to tell you that the fiscal cliff is different. tonight, we're going to tell you what all this means to you, to our economy and our future. thelma and louise made pop history when they defiantly drove off that cliff. but this january, congress could steer the u.s. off a different cliff. and when someone falls off a cliff in washington, there are no stunt men to pick them up. on january 1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. and if we do go over this cliff and let all this happen, the economy is projected to stagger into recession. it could derail everything, it would really hurt the economy, the job market and obviously the housing market as well. now here's the surpris
maybe you've heard about all the automatic tax increases and spending cuts that make up the fiscal cliff. now, before you say this is just another silly inside-the-beltway mess that doesn't affect my life. we want to tell you that the fiscal cliff is different. tonight, we're going to tell you what all this means to you, to our economy and our future. thelma and louise made pop history when they defiantly drove off that cliff. but this january, congress could steer the u.s. off a different...
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Dec 16, 2012
12/12
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KRCB
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eye 111
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61% of rublians are willing to set higher tax rates if it means avoiding the fiscal cliff. at billy does strengthen the president's had even more. >> is boehner's job in trouble? >> i don't think so, but you cannot tell with that caucus. >> why wouldn't republicans and markets -- republicans and democrats not look at this as an opportunity to do something people would appreciate? >> because the ground was not later the public does not reize werio this is, because obama did a poor job of telling them as president of united states. all republicans seem to be doing is defending rich people. the ground has not been allayed. maybe out of this chaos will emerge understanding, but the fights over the charitable deductions -- all these charitable institutions are rising up and saying you cannot touch that somebody has got to stand up and say that everybody has to have the skin in this game. rich people, poor people, middle class -- everybody hagot to be in >> even the relatively painless things -- means testing, medicare -- maybe to propose rules to mean testing -- maybe the propos
61% of rublians are willing to set higher tax rates if it means avoiding the fiscal cliff. at billy does strengthen the president's had even more. >> is boehner's job in trouble? >> i don't think so, but you cannot tell with that caucus. >> why wouldn't republicans and markets -- republicans and democrats not look at this as an opportunity to do something people would appreciate? >> because the ground was not later the public does not reize werio this is, because obama...
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Dec 6, 2012
12/12
by
MSNBC
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eye 61
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president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000. they have a little room to leverage but right now they have zero leverage, zero. >> do you agree with that? i don't know if i agree with that. it's hard once the rates go back to 39.6 or whatever they go to, to go back and say, now we to want cut taxes for the rich. what's the reason to do it? the republican party says we have to stop the government, stop paying our debts, don't pay our bills anymore because we have to help out the rich now. that would be the worst situation to be in. >> as the conversation shifts really to the bottom line in the deficit. at the end of the day the whole thing is ab
president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do the buffett rule and only raise rates on people making $500,000....
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Dec 6, 2012
12/12
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FOXNEWSW
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eye 185
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. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the budget deal include another increase in the nation's debt ceiling is clear. >> this isn't about getting a handle on the deficits or debt for him. it's about spending even more than he already has. >> white house aides reject republican claims that holding the debt limit over the president head is the only mechanism to get him to trim spending. >> you are going to keep the debt limit goes higher and you're spending money. you and congress. >> president signed in law, $1 trillion in spending cuts. there is a specific proposal to achieve $600 billion in savings from our entitlement programs. including our healthc
. >> once again, he was trying to frame the battle oaf the fiscal cliff as being all about taxes. with no mention of spending cuts. >> i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is good for families like this one. that is good for the american economy. >> republicans believe the reason the president is going light on spending cuts and demanding the...
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Nov 28, 2012
11/12
by
CNBC
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eye 160
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as they face a possible tax hike with the fiscal cliff, they're ready take their profits. we've already seen gold prices gain about 9% so far this year. now is the the time to book profits before you can likely pay higher taxes in 2013. gold etfs, as well as the gold futures price, down sharply on the session. back to you guys. >> all right. thank you so much, sharon. we've got 49 minutes before the closing bell. the dow jones industrial average is higher by 81 points. we're at the highs of the session at this point. 12,959. the nasdaq is also in positive territory by 14 points. >> some of the nation's top business leaders set to meet president obama at the white house. there's a live shot of it. up next, we're joined by one ceo who says stop all the tax hike talk, we have a spending problem. that's what matters most. >>> plus, rising above the rhetoric. we hear from one republican who says the best way to fix the debt is to cut spending and raise taxes on the rich. >>> and later, don't look now, but the tax benefits from your 401(k) could be on the chopping block as part
as they face a possible tax hike with the fiscal cliff, they're ready take their profits. we've already seen gold prices gain about 9% so far this year. now is the the time to book profits before you can likely pay higher taxes in 2013. gold etfs, as well as the gold futures price, down sharply on the session. back to you guys. >> all right. thank you so much, sharon. we've got 49 minutes before the closing bell. the dow jones industrial average is higher by 81 points. we're at the highs...
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Dec 5, 2012
12/12
by
CNBC
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eye 170
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will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> welcome back. this very public negotiation on the fiscal cliff still does not seem to be closing in on a deal. the white house out in campaign style events regularly, making multiple media appearances, kle including timothy geithner right here in 25 minutes. >> but would things be done faster if it was done privately? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from
will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it's easy to follow the progress you're making toward all your financial goals. a...
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and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start talking about taxes. it seems like we're looking for revenue under every single rock. that's fine. even if we raised taxes that are proposed by the white house, it will raise $82 billion. it is one half of 1% of the problem. we have a $16.3 trillion debt. all of this talk about raising taxes doesn't get us even close to solving the problem. it doesn't even start the conversation. it is not a drop in the bucket. we've got to reform our spending or grow the economy. but just raising taxes isn't going to do it. >> well, i agree with you 100%. that's why the president as well as the democrats have called for a balanced approach. so of course we can't raise enough taxes to completely deal with the deficit. and you do have to do reforms. you need to reform the tax system. you certainly need to make addition
and you know, there are some taxes that would go up if we two off the fiscal cliff. you're talking about a family that makes about $50,000 having a tax increase of $4,000. melissa: congresswoman, this drives me crazy. when we look at all the numbers we immediately start talking about taxes. it seems like we're looking for revenue under every single rock. that's fine. even if we raised taxes that are proposed by the white house, it will raise $82 billion. it is one half of 1% of the problem. we...
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abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in washington overnight. it is now legal to buy and possess pot. the law, though, bans public use of marijuana, like drinking in public. and it's against the wall to sell pot. the state is trying to work out a system to license growers. >>> and with that, we'll take a look -- >> you can't buy it or sell it. >> time, now, for the weather across the country. showers from portland to seattle. up to eight inches of snow in the northern cascades and rockies. mild in the nation's midsection. pop-up showers in omaha, cincinnati and louisville. and scattered showers from the carolina
abraham lincoln can help the fiscal cliff negotiations. harry reid believes so. the senate will get inspiration when reid hosts a clescreening the spielberg movie. >> whatever helps to get things moving, right? >>> hundreds of same-sex couples in washington state lined up overnight to get a marriage license now that they can legally wed. the county clerk's office in seattle opened at midnight to accommodate couples eager to make history. there's another historic first in...
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Dec 9, 2012
12/12
by
WUSA
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eye 57
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will political gridlock force us over the fiscal cliff and into a new recession with higher taxes for everyone? house speaker john boehner called it another wasted week. >> well, this isn't a progress report because there's no progress to report. > report. >> schieffer: the president won't budge. no deals unless it includes higher taxes on upper income people. >> we're going to have to see the rates on the top two percent go up. it's not me being stubborn. it's not me being partisan. >> schieffer: the president says it's math, but is it math or politics. we'll talk with former republican senator it alan simpson, and clinton white house chief of staff, erskine bowles, who chaired the first deficit reduction commission. they're concerned about the dangers ahead. so concerned that simpson took to the dance floor to urge young people to get involved. we'll also get the take of rising democratic star cory booker, the mayor of newark. what's his answer to the washington gridlock? and is he planning a run for governor against chris christie. for analysis, we'll turn to joe klein of "time" ma
will political gridlock force us over the fiscal cliff and into a new recession with higher taxes for everyone? house speaker john boehner called it another wasted week. >> well, this isn't a progress report because there's no progress to report. > report. >> schieffer: the president won't budge. no deals unless it includes higher taxes on upper income people. >> we're going to have to see the rates on the top two percent go up. it's not me being stubborn. it's not me being...
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125
Dec 6, 2012
12/12
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MSNBCW
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not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve the rates going up on the top 2%. >> "the new york times" reports that senior republican leadership aides are contemplating a fall-back position on a fiscal deal. they could foresee taking up and passing legislation this month to extend the tax cuts for the middle class and then resume the bitter fight over spending and taxes as the nation approaches the next hard deadline. it's statutory borrowingç limi which could be reached in late january or february. speaking to a business roundtable, president obama responded to that idea this way. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation, which by the way we have never done in our history until we did this it last year, i will not play that game. >> john boehner and house republican leadership met with small business owners today to
not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve the rates going up on the top 2%. >> "the new york times" reports that senior republican leadership aides are contemplating a fall-back position on a fiscal deal. they could foresee taking up and passing legislation this month to extend the tax cuts for the middle class and then resume the bitter fight over spending...
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Dec 11, 2012
12/12
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FOXNEWSW
tv
eye 161
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cliff and that is the real fiscal cliff $16 trillion debt which the tax you have 200,000 less jobsve next year and the people voting for that will be responsible and held accountable for the public policy. >>neil: you have been talking about freeing out to the middle-class. for and reason in the last election republicans lost the middle class. they seemed to get stereotypes as the party that appeals only to the well-to-do. what i am asking you, how do you change that? the perception sticks in the eyes of some. >>guest: first of all, we need to understand the middle class makes us different and exceptional. every didn't has rich people but what makes us different in history is we have a broad based vibrant middle class. it is not just people in the hill class but millions of people that are trying to get to the middle class. i rely on my occupy life experience. my parents worked in the service industry, immigrants, they did not make a lot of money, a bartender and maid and they owned a house and a car. today all four of their children live a much better life because of them and becaus
cliff and that is the real fiscal cliff $16 trillion debt which the tax you have 200,000 less jobsve next year and the people voting for that will be responsible and held accountable for the public policy. >>neil: you have been talking about freeing out to the middle-class. for and reason in the last election republicans lost the middle class. they seemed to get stereotypes as the party that appeals only to the well-to-do. what i am asking you, how do you change that? the perception...
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139
Nov 17, 2012
11/12
by
CSPAN
tv
eye 139
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that means avoiding the fiscal cliff, extending middle income tax cuts. we should talk about the payroll tax component, which is a significant part of the fiscal cliff. we shall look at a one-year extension for some other mechanism that delivers the same economic benefit. >> $95 billion is the price tag. is that something the country can afford when the goal is to bring the deficit down? >> the goal is to make sure we do nothing to harm a fragile economic recovery. then to lock in a long-term path to credible, stable deficit reduction. we are trying to accomplish two things and once and make sure we do not do anything in the short- term to place a drag on the economy. we should try to boost a fragile economy. >> how much latitude as the president have to do in terms of the negotiations? is he getting pressure from the democrats? does he have a free hand to talk about painful things like scaling back medicare in certain ways to generate savings there? >>the president has the confidence of the micrococcus in the house and senate. that does not mean there is
that means avoiding the fiscal cliff, extending middle income tax cuts. we should talk about the payroll tax component, which is a significant part of the fiscal cliff. we shall look at a one-year extension for some other mechanism that delivers the same economic benefit. >> $95 billion is the price tag. is that something the country can afford when the goal is to bring the deficit down? >> the goal is to make sure we do nothing to harm a fragile economic recovery. then to lock in a...
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46
Nov 16, 2012
11/12
by
FBC
tv
eye 46
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next, it's not just the wealthy that will be paying more in taxes if we go over the fiscal cliff. i will break down how much it will cost you. and we took our cameras out of the street to ask people what they think about the fiscal cliff. we will show you some answers throughout the show starting now. >> i think they will need to sit down and talk about what needs to be done on both sides. most importantly, i think it will impact them in the long run and they need to figure it out right away. if we don't do it now, we're going to be in terrible shape. >> they all need to get their heads out of their butts and work together. gerri: in the debate over taxes and the fiscal cliff, all the talk is pretty much high-level stuff. we talk about tax rates, tax brackets, but not dollars and cents. today and tonight, right here, i'm going to talk about dollars and cents. let me tell you, if you have a weak stomach, you might want to go lay down. here's what we are talking about in terms of tax hikes. if we go over the fiscal cliff, the dollars and cents, and by that i mean the increase are go
next, it's not just the wealthy that will be paying more in taxes if we go over the fiscal cliff. i will break down how much it will cost you. and we took our cameras out of the street to ask people what they think about the fiscal cliff. we will show you some answers throughout the show starting now. >> i think they will need to sit down and talk about what needs to be done on both sides. most importantly, i think it will impact them in the long run and they need to figure it out right...
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173
Nov 9, 2012
11/12
by
KRCB
tv
eye 173
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cliff of tax hikes and huge spending cuts at year's end. president obama planned a statement on the economy at the white house tomorrow. and storm-weary residents of new york and new jersey went back to cleaning up, after surviving a nor'easter, in the wake of hurricane "sandy." and our science thursday story online is about storm warnings. ha sreivas expins. >> sreenivasan: take a hurricane, add a high pressure system and a cold front, tack on a full moon, and what do you get? a real forecasting challenge. meet the scientists and the supercomputer charged with predicting the course and strength of storms like sandy. and we get two takes on europe's debt crisis and one of its central figures-- the president of the european central bank. find that on our making sense page. all that and more is on our web site newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online and again here tomorrow evening with mark shields and david brooks, among others. thank
cliff of tax hikes and huge spending cuts at year's end. president obama planned a statement on the economy at the white house tomorrow. and storm-weary residents of new york and new jersey went back to cleaning up, after surviving a nor'easter, in the wake of hurricane "sandy." and our science thursday story online is about storm warnings. ha sreivas expins. >> sreenivasan: take a hurricane, add a high pressure system and a cold front, tack on a full moon, and what do you get?...
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52
Nov 19, 2012
11/12
by
FBC
tv
eye 52
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next, it's not just the wealthy that will be paying more in taxes if we go over the fiscal cliff. i will break down how much it will cost you. and we took our cameras out of the street to ask people what they think about the fiscal cliff. we will show you some answers throughout the show starting now. >> i think they will need to sit down and talk about what needs to be done on both sides. most importantly, i think it will impact them in the long run and they need to figure it out right away. if we don't do it now, we're going to bin terrible shape. >> they all need to get their heads out of theirbutts and heads out the boys uses and capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. gerri: in the debate over taxes and the fiscal cli
next, it's not just the wealthy that will be paying more in taxes if we go over the fiscal cliff. i will break down how much it will cost you. and we took our cameras out of the street to ask people what they think about the fiscal cliff. we will show you some answers throughout the show starting now. >> i think they will need to sit down and talk about what needs to be done on both sides. most importantly, i think it will impact them in the long run and they need to figure it out right...
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93
Nov 17, 2012
11/12
by
FBC
tv
eye 93
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next, it's not just the wealthy that will be paying more in taxes if we go over the fiscal cliff. i will break down how much it will cost you. and we took our cameras out of the street to ask people what they think about the fiscal cliff. we wl show you some answers throughout the show starting now. >> i think they will need to sit down and talk about what needs to be done on both sides. most importantly, i think it will impact them in the long run and they need to figure it out right away. if we don't do it now, we're going to be in terrible shape. >> they all need to get their heads out of their butts and ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break fr the holiday stress. ship fedex express by december 22nd for chri
next, it's not just the wealthy that will be paying more in taxes if we go over the fiscal cliff. i will break down how much it will cost you. and we took our cameras out of the street to ask people what they think about the fiscal cliff. we wl show you some answers throughout the show starting now. >> i think they will need to sit down and talk about what needs to be done on both sides. most importantly, i think it will impact them in the long run and they need to figure it out right...
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38
Nov 18, 2012
11/12
by
FBC
tv
eye 38
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so they punted and kicked it down the fiscal cliff. now, you're facing this fiscal cliff. they will revisit these issues in 2013 and put in some longer term structural reforms both on the tax side and the entitlement side. i am pessimistic that we will see anything serious done in the short-term and long-term. gerri: i want to ask your opinion about an outlier opinion, americans for tax reform, grover norquist. he said the president will definitely improve extending the tax cuts for everybody. now, is he just saying what to see happen? or do you think he migh have a point? >> no, i'm skeptical. look at how much time the president has spent. on the campaign trail, but then afterwards as well. assisting on these rate hikes. he focused on a point of disagreement last week with house republicans. yes talked about it again. you have house democrats and senate democrats who have campaigned and are insisting upon these rate hikes. i also think it's a good political issue. gerri: let's talk about the polls. richard trumka said there is no fiscal cliff. what we are facing is an obs
so they punted and kicked it down the fiscal cliff. now, you're facing this fiscal cliff. they will revisit these issues in 2013 and put in some longer term structural reforms both on the tax side and the entitlement side. i am pessimistic that we will see anything serious done in the short-term and long-term. gerri: i want to ask your opinion about an outlier opinion, americans for tax reform, grover norquist. he said the president will definitely improve extending the tax cuts for everybody....
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Dec 3, 2012
12/12
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CSPAN
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everyone talks about taxes and what is going to happen with the fiscal cliff. there has been $1500 gone to increase oil prices. you can get them that tax cut today if you invested in our report. everybody talks about entitlements. high oil prices make the social security trust insolvent five years sooner than they would if he did not have high oil prices. america needs jobs and growth. following the recommendations in our report will lead to both of those. it would be good for american business. >> i will start with senator alexander. tell me about energy policy and where it fits in with the fiscal cliff. what we will spend money on and how we were tightened our belts. >> the major place it fits is the right policy would create an environment which would produce a lot more revenue. that would help to reduce the debt. the federal government doesn't spend much money on energy. energy research is about $6 billion a year. i would like to see it doubled. this report is a blueprint for independence and i think it is the right blueprint. we are not in a position to be
everyone talks about taxes and what is going to happen with the fiscal cliff. there has been $1500 gone to increase oil prices. you can get them that tax cut today if you invested in our report. everybody talks about entitlements. high oil prices make the social security trust insolvent five years sooner than they would if he did not have high oil prices. america needs jobs and growth. following the recommendations in our report will lead to both of those. it would be good for american...
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Jul 17, 2012
07/12
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CSPAN2
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it says democrats threaten to go over fiscal cliff if g.o.p. fails to raise taxes. that's the headline of "the washington post" story. of course, the story goes on reporting in there, they quote senior democrats saying that they're prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise, which, as they have defined that to be a major tax increase on small businesses in this country. so you think about the impact of that, what that means to people across this country. we have had now for the last three years a complete failure in the senate to produce a budget. we're now faced with this fiscal cliff which as i said consists of the sequestration, the across the board cuts that would occur early next year if nothing is done to prevent them, the tax hikes, we're going to reach the debt limit. all threaten our economy and an already anemic recovery. it's hard, i think, mr. president, to overstate the magnitude of the tax increases that are going to hit our economy starting next year if w
it says democrats threaten to go over fiscal cliff if g.o.p. fails to raise taxes. that's the headline of "the washington post" story. of course, the story goes on reporting in there, they quote senior democrats saying that they're prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise, which, as they have defined that to be a major tax increase on small businesses in this country. so you think about...
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Dec 6, 2012
12/12
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MSNBCW
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deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up with it. the danger is this whole thing boils over in animosity before the 31st and they go off the cliff because they have antagonized each other so much. >> and speaking of antagonistic situations, there's been a lot made of the dysfunction within the republican party but there's an article on the front page of the "new york times" that suggests that speaker boehner is actually in a stronger position in his caucus than when he was elected two years ago. how is he doing, do you think? >> well, i think he's in a stronger position because republicans feel like they're in a weaker position. i think a
deal but it doesn't save us from the fiscal cliff. as susan was suggesting, there's a long time to go between now and the 31st. they have to wait until that long because neither side wants to appear to be giving in too early. that means they've given away more than they had to. you've got the president out there stirring the pot, trying to bring public opinion more to his side. the republicans are struggling to find some message to keep up with it. the danger is this whole thing boils over in...
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Nov 26, 2012
11/12
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MSNBCW
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in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy until people start paying taxes, which could be several months down the line for most americans. on the spending side as well, spending is built into the cake so again you'd be looking at stuff that would be impacting the out months. for the first couple of months, no real specific impact. the big thing to worry about is whether wall street freaks out or not about the fact that we've gone over the fiscal cliff. if they do freak out, that could have an impact and cause a recession because of the wall street impact. >> and the premise of your analysis there is that we're looking at late deal or early deal. nobody really thinks that there will never be a deal. and so what you're saying, what, if it was three weeks out or late january or after the
in the short term, the very short term, i think actually some of the hype around the fiscal cliff is a little overblown, particularly because the first couple of days or week or so after we go over the fiscal cliff we won't see all that many impacts. all these tax and spending impacts take months to go into effect. it doesn't impact the economy until people start paying taxes, which could be several months down the line for most americans. on the spending side as well, spending is built into...
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Dec 24, 2012
12/12
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FBC
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the fiscal cliff and tax increases for everybody if the deal is not reached this week, but potential strike, law shoreman threatening to walk off the ports in the east on gulf coast. this could disrupt billions of dollars in shipments. joining us now ed butowsky, a hell of a way to start a week with the threat after strike. to put it in context, when l.a. had a dock workers strike ten years ago, it cost a billion dollars a day. this is going to affect ports in newark, houston, miami, this could be several billion dollar hits every day to our economy? >> yeah, and i tell you, when you look at it, it's really similar. there are some parallels to the fiscal cliff discussion. because the arguments are about are the royalty payments that the dock workers get for bringing merchandise on board and unloading the cargo and what the similarity is really that we're not-- they're not talking about more business, they're talking about how do we split up the same pie and same thing with the fiscal cliff, we're not talking growing the economy, how do you split up the economy getting the tax revenue
the fiscal cliff and tax increases for everybody if the deal is not reached this week, but potential strike, law shoreman threatening to walk off the ports in the east on gulf coast. this could disrupt billions of dollars in shipments. joining us now ed butowsky, a hell of a way to start a week with the threat after strike. to put it in context, when l.a. had a dock workers strike ten years ago, it cost a billion dollars a day. this is going to affect ports in newark, houston, miami, this could...
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Dec 4, 2012
12/12
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KQED
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cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2.2 trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not increase tax rates for the wealthy. the president is campaigning for his plan, taking questions on twitter t
cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more...
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Dec 12, 2012
12/12
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FOXNEWSW
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and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have lobbyists and probably sent them over to the white house and capitol hill and they got the $25 billion that the extra americans don't get, the special deal. how do we know we aren't getting totally scammed by the insurance companies? >> the insurance companies obviously a lot of them wanted obamacare because they sell a product. >> risk. they sell risk. >> and the law -- >> or buy risk. >> and the leforss all ever us to buy their product. if we don't have enough money to buy their product, the law gives taxpayer paid subsidies to buy their product. what's not to like for them? they are pr
and these taxes are going up regardless what have happens with the fiscal cliff. these tacks are written in obamacare. and if taxes do i- deed go up on the top two brackets as a result of the fiscal cliff, that will be on top of the obamacare taxes. >> is there any way for us, the nation, to police the earnings or profits are insurance company under obamacare? there are all of these extra, they get the extra deals. now the insurance companies get the extra deals because they have...